The Remediation of Dangerous Cladding report
The Public Accounts Committee has released its report; The Remediation of Dangerous Cladding identifying a range of barriers to successful remediation and presenting recommendations to the UK Government.
The scale and impact of the cladding crisis that followed the Grenfell Tower disaster has proved much greater than anyone understood when this Committee first reported on it in 2020. What was then a £600 million programme to remediate 450 high–rise buildings with flammable cladding, is now a remediation portfolio comprising five programmes and covering an estimated 9,000 to 12,000 medium and high–rise buildings. The total cost of remediation, to both the public and the private sector, could be between £12.6 billion and £22.4 billion and this broad range is still an estimate. At this stage Government doesn’t appear to have an estimate of all the necessary fire safety works including the removal of flammable cladding.
Henry Griffith, Policy Officer at Propertymark, the UK’s leading professional body for estate and letting agents, comments:
“The Public Accounts Committee report on the remediation of dangerous cladding confirms exactly what Propertymark has said about the lack of progress to remediate unsafe cladding.
“The current situation is untenable and is causing many flat sales to stall. We welcome many of the recommendations for the Ministry of Housing, including a review of insurance rates, reducing costs for leaseholders and reporting on its efforts to accelerate cladding. We hope UK Government Ministers urgently consider the recommendations laid out in the report which would be welcomed by our agent members and by leaseholders.”
Read the full report here
You May Also Enjoy
How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase
Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings
Mortgage completions surged 50 per cent in March amid race to avoid higher stamp duty
How Technology is Changing the Prime Property Viewing Experience
Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate
